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In its 2024 fiscal year, Canadian company BlackBerry recorded revenues of 853 million U.S. dollars. The fiscal year end of the company is late February or early March. Previously known as Research in Motion (RIM), the company has transitioned from developing BlackBerry brand smartphones to enterprise software and services involving the Internet of Things. 

Transitioning to the Enterprise of Things

In the past decade, BlackBerry has seen a significant decline in its revenue figures and share of the global and U.S. smartphone market. Under the direction of John Chen, company CEO since 2013, BlackBerry Ltd. has withdrawn from the mobile phone market and began to focus primarily on providing software and security solutions to enterprises. Now, most of BlackBerry’s revenue comes from its Cybersecurity business segment. Although it is still in the beginning stages of rebuilding profitability, Blackberry seems to be on a solid path rebuilding its core business.